which is not what I want to happen. I want it just to download to the folder, so it can run as http://myradio1.localhost, without me having to move the files out of the domain folder after download has completed.

How can I get wget to download all files, but without creating the domain as a folder, basically?

-nH--no-host-directories
Disable generation of host-prefixed directories. By default,
invoking Wget with -r http://fly.srk.fer.hr/ will create a
structure of directories beginning with fly.srk.fer.hr/. This
option disables such behavior.